One year ago today, $BTC peaked at $126,080. Now it's at $85,900 — down 32% from that top.

Fourth rejection at $87K in three weeks. ETFs flipped to net outflows. Citi, Standard Chartered, and Bernstein all slashed price targets.

Meanwhile, small caps are rallying while $BTC consolidates.

The technical picture is clear:
• Break above $87K = bulls regain control
• Drop below $84K = $80K becomes the next support test

Not the anniversary anyone was hoping for.